Daily News: September 28, 2015

CIT Commercial Services Appoints NE Regional Sales Manager

CIT Group appointed Louis Barone as managing director and Northeast regional sales manager of CIT Commercial Services.

Barone will report directly to Marc Heller, executive vice president, Northeast regional manager and international manager of CIT Commercial Services.

Barone joins CIT from Israel Discount Bank (IDB), where he was senior vice president and head of IDB Factors since 2010. Prior to joining IDB, Barone held various management positions at several financial institutions, including GMAC Commercial Finance and HSBC Business Credit. He also previously served as vice president of business development at CIT.

“Lou’s strong sales skills, credit expertise, deal structuring ability and demonstrated leadership capabilities will add great value to our organization,” said Jon Lucas, president of CIT Commercial Services. “He will build upon his deep industry experience and CIT’s standing as a leading provider of factoring solutions to spearhead our efforts to grow new factoring and lending business in the northeastern United States.”